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Dissolution

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(Querist)
23 January 2009 Please suggest me,
what is the basic difference between piece meal distrubtion and going concern dissolution
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KAAPIL

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KAAPIL (Expert)
25 January 2009 Piecemeal Dissolution : The firm is dissolved but creditors are paid by sale of assets one by one.

Going Concern Dissolution : Auditor qualifies in the report that firm/company intends to sale the assets thereby violating principles of Going Concern.
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Jitender Kumar Sultania

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Jitender Kumar Sultania (Querist)
25 January 2009 tahnks for the info.
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